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MIRA
INFORM REPORT
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Report No. : |
506139 |
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Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
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Name : |
A. EBERLE GMBH & CO. KG |
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Registered Office : |
Frankenstr. 160, D 90461 Nürnberg |
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Country : |
Germany |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
07.03.1980 |
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Com. Reg. No.: |
HRA 13236 |
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Legal Form : |
Limited partnership with private limited company as general
partner |
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Line of Business : |
·
Manufacture
of instruments and appliances for measuring, testing and navigation ·
Wholesale
of electrical household appliances and radio and televisiongoods |
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No. of Employees : |
67 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms.
Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong economic growth and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II. The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2017 Germany reached a budget surplus of 0.7%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016, though the target was already reached in 2012.
The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high.
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Source : CIA |
Company name and address
Report on: A.
Eberle GmbH & Co. KG
Company Status: active
Frankenstr. 160
D 90461 Nürnberg
Telephone: 0911/628108-0
Telefax: 0911/628108-99
Homepage: www.a-eberle.de
E-mail: info@a-eberle.de
VAT no.: DE232253686
CONCLUSION
Business relations are
permissible.
Company
summary
Legal Form Ltd
partnership with priv. ltd. company as general partner
Date of foundation: 07.03.1980
Registered on: 07.10.2003
Register of
companies: Local
court 90402 Nürnberg
under: HRA
13236
Total cap.
contribution: EUR 50,000.00
Number of
shareholders:
12
Shareholder total
capital: EUR 50,000.00
General partner:
A.
Eberle Verwaltungs GmbH
Frankenstr.
160
D
90461 Nürnberg
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered on: 07.10.2003
Reg. data:
90402 Nürnberg, HRB 20438
Shareholder:
Lothar
E. Mayer
Kellerstr. 10c
D
90530 Wendelstein
born:
24.03.1950
Share: EUR 25,000.00
Manager:
Lothar
E. Mayer
Kellerstr. 10c
D
90530 Wendelstein
having
sole power of representation
born:
24.03.1950
Profession: Engineer
Marital status: married
Manager:
Till
Sybel
D
90768 Fürth
born:
16.02.1964
Manager:
Harald
Straußberger
D 90762 Fürth
born:
27.09.1966
COMPANY
HISTORY
company name and legal form
06.10.2003 -
26.06.2012 A. Eberle GmbH & Co. KG
Aalener Str. 30-32
D
90441 Nürnberg
Ltd partnership with priv. ltd.
company
as
general partner
07.03.1980 -
06.10.2003 A. Eberle GmbH
Aalener Str. 30-32
D
90441 Nürnberg
Private
limited company
BUSINESS
ACTIVITIES
Main industrial sector
2651 Manufacture of instruments and appliances
for measuring, testing and navigation
4643 Wholesale of electrical household appliances
and radio and televisiongoods
FINANCIAL
INFORMATION
Payment experience: No
complaints
Negative information: We have no negative information
at hand.
Balance sheet year: 2016
REAL
ESTATE
Type of ownership: Tenant
Address Frankenstr.
160
D 90461 Nürnberg
Real Estate of: A.
Eberle Verwaltungs GmbH
Type of ownership: Tenant
Address Frankenstr.
160
D 90461 Nürnberg
Land register documents
were not available.
BANKERS
A bank connection is
unknown.
FINANCIAL FIGURES
Gross profit or loss:2016 EUR 12,417,533.00
Profit: 2016 EUR 1,861,696.00
Ac/ts receivable: EUR 4,168,448.00
Liabilities: EUR 7,264,478.00
Real
estate of the firm:
EUR 167.00
Total numbers of vehicles: 3
Employees:
67
BALANCE
SHEETS
Balance sheet ratios 01.01.2016 - 31.12.2016
Equity ratio [%]: 77.66
Liquidity ratio: 10.00
Return on total capital [%]: 20.70
Balance sheet ratios 01.01.2015 - 31.12.2015
Equity ratio [%]: 80.64
Liquidity ratio: 10.00
Return on total capital [%]: 35.00
Balance sheet ratios 01.01.2014 - 31.12.2014
Equity ratio [%]: 76.35
Liquidity ratio: 10.00
Return on total capital [%]: 33.68
Balance sheet ratios 01.01.2013 - 31.12.2013
Equity ratio [%]: 79.59
Liquidity ratio: 10.00
Return on total capital [%]: 31.06
Equity ratio
The equity ratio indicates the portion of the equity as compared
to the total capital. The higher the equity ratio, the better the economic
stability (solvency) and thus the financial autonomy of a company.
Liquidity ratio
The liquidity ratio shows the proportion between adjusted
receivables and net liabilities. The higher the ratio, the lower the company's
financial dependancy from external creditors.
Return on total capital
The return on total capital shows the efficiency and return on the
total capital employed in the company. The higher the return on total capital,
the more economically does the company work with the invested capital.
Type
of balance sheet: Company balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2016
- 31.12.2016
ASSETS EUR 9,486,348.63
Fixed assets
EUR 1,848,772.00
Intangible assets
EUR 983,815.00
Tangible assets
EUR 714,957.00
Financial assets
EUR 150,000.00
Current assets
EUR 7,524,932.50
Stocks
EUR 2,118,115.29
Accounts receivable EUR 4,168,447.56
Liquid means
EUR 1,238,369.65
Remaining other assets
EUR 112,644.13
Accruals (assets)
EUR 112,644.13
LIABILITIES EUR 9,486,348.63
Shareholders' equity
EUR 1,022,931.13
Capital
EUR 50,000.00
Limited partner's capital / capital
of partially liable partner (LP)
EUR 50,000.00
Reserves
EUR 1,129.19
Balance sheet profit/loss (+/-)
EUR 971,801.94
Annual surplus / annual deficit
EUR 1,861,695.50
withdrawn/distributed
EUR 889,893.56
Provisions
EUR 1,198,940.00
Other / unspecified provisions
EUR 1,198,940.00
Liabilities
EUR 7,264,477.50
Other liabilities
EUR 7,264,477.50
Trade creditors (for IAS incl. bills
of exchange)
EUR 674,842.90
Liabilities from received advance
payments
EUR 21,911.83
Liabilities due to shareholders
EUR 6,454,244.90
Unspecified other liabilities
EUR 113,477.87
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-) EUR 12,417,532.73
Staff expenses
EUR 4,865,955.60
Wages and salaries
EUR 4,136,811.91
Social security contributions and
expenses for pension plans and
benefits EUR 729,143.69
Total depreciation
EUR 664,788.72
Other operating expenses
EUR 4,536,130.78
Operating result from continuing
operations EUR 2,350,657.63
Interest result (+/-)
EUR -14,414.88
Interest and similar income
EUR 238.40
Interest and similar expenses
EUR 14,653.28
Financial result (+/-)
EUR -14,414.88
Result from ordinary operations (+/-)
EUR 2,336,242.75
Income tax / refund of income tax (+/-)EUR -471,281.25
Other taxes / refund of taxes
EUR -3,266.00
Tax
(+/-)
EUR -474,547.25
Annual surplus / annual deficit
EUR 1,861,695.50
Type
of balance sheet: Company balance sheet
Origin of the present balance sheet: electronic
German Federal Gazette
Financial year: 01.01.2015
- 31.12.2015
ASSETS EUR 10,767,192.45
Fixed assets
EUR 2,099,562.16
Intangible assets
EUR 1,338,120.00
Tangible assets
EUR 661,442.16
Financial assets
EUR 100,000.00
Current assets
EUR 8,579,396.73
Stocks
EUR 1,898,707.16
Accounts receivable
EUR 4,024,146.17
Liquid means
EUR 2,656,543.40
Remaining other assets
EUR 88,233.56
Accruals (assets) EUR 88,233.56
LIABILITIES EUR 10,767,192.45
Shareholders' equity
EUR 2,627,735.42
Capital
EUR 50,000.00
Reserves EUR 1,129.19
Capital reserves
EUR 1,129.19
Balance sheet profit/loss (+/-)
EUR 2,576,606.23
Balance sheet profit / loss
EUR 2,576,606.23
Provisions
EUR 1,152,910.96
Provisions for taxes
EUR 288,818.00
Other / unspecified provisions
EUR 864,092.96
Liabilities
EUR 6,986,546.07
Other liabilities
EUR 6,986,546.07
Trade creditors (for IAS incl. bills
of exchange)
EUR 663,967.38
Liabilities from received advance
payments
EUR 30,253.58
Liabilities due to shareholders
EUR 6,184,744.51
Unspecified other liabilities
EUR 107,580.60
thereof liabilities from social
security
EUR 10,646.66
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Gross result (+/-)
EUR 12,035,775.30
Staff expenses
EUR 4,209,718.52
Wages and salaries EUR 3,605,824.14
Social security contributions and
expenses for pension plans and
benefits
EUR 603,894.38
Total depreciation
EUR 190,936.85
Other operating expenses
EUR 3,299,814.56
Operating result from continuing
operations
EUR 4,335,305.37
Interest result (+/-)
EUR -4,597.17
Interest and similar income
EUR 1,203.23
Interest and similar expenses
EUR 5,800.40
Financial result (+/-)
EUR -4,597.17
Result from ordinary operations (+/-)
EUR 4,330,708.20
Income tax / refund of income tax (+/-)EUR -793,344.91
Other taxes / refund of taxes
EUR -2,940.00
Tax
(+/-)
EUR -796,284.91
Annual surplus / annual deficit
EUR 3,534,423.29
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.36 |
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1 |
INR 92.51 |
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Euro |
1 |
INR 81.05 |
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Euro |
1 |
INR 81.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.